Fitch Upgrades Capital Auto Receivables Asset Trust 2003-3

NEW YORK--Fitch Ratings upgrades the subordinate class of the Capital Auto Receivables Asset Trust 2003-3 transaction, as follows:

--Class B-1 asset-backed notes upgraded to 'AAA' from 'AA+';

--Class B-2 asset-backed notes upgraded to 'AAA' from 'AA+';

In addition, the following classes are affirmed by Fitch:

--Class A-4a asset-backed notes affirmed at 'AAA';

--Class A-4b asset-backed notes affirmed at 'AAA';

The collateral continues to perform within Fitch's expectations and, under the credit enhancement structure, the securities can now withstand stress scenarios consistent with the new ratings and still make full payments to investors in accordance with the terms of the documents. As before, the ratings reflect the quality of General Motors Acceptance Corporation's (GMAC) retail auto loan originations, the strength of its servicing capabilities, and the sound financial and legal structure of the transaction.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.